my hope for bitcoin is that it crashes hard and scares the speculators away for a long time and then that people actually start using it

Feb 25, 2014 · 2:40 AM UTC

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Replying to @sama
@sama examples of that working for other platforms? (As opposed to monotonic growth.)
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@grinich startups worked better after the 2000 bubble burst
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Replying to @sama
@sama Using it for what?
Replying to @sama
@sama with great power comes great responsibility (as #newPG). There are other ways to achieve the intended outcome! Time to buy when 📉 ;)
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Replying to @sama
@sama that's really the only way I see it working, though the built-in deflation remains a problem even then. I think ethereum's interesting
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Replying to @sama
Ditto MT @sama: my hope for bitcoin is that it crashes hard and scares the speculators away and then that people actually start using it
Replying to @SuthaKamal
@SuthaKamal @sama @semil I maintain that the real crypto-currency revolution is when it's used as a back-end, not a front-end. Or doges.
Replying to @sama
@sama sounds like a similar wish for Google Wave by @paulg . If bitcoin crashes too hard might not have anyone left even to expmt with it
Replying to @sama
.@sama well said. BTC use cases need time for the tech to develop, all the noise/craziness around the currency distracts/delays innovation
Replying to @sama
@sama ugh.
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